LOCATION
The property is located on the southern fringe of Grantham Town Centre, prominently located with frontage onto London Road (A52), within an established retail district with nearby occupiers including B&Q and Marks & Spencer Food Hall. The property is also within close proximity of Grantham Railway Station, which provides a direct-link to London Kings Cross. Grantham has a population of circa. 50,000 residents and, in addition to the mainline railway station, is also within close proximity of the A1, providing excellent road-links north and south.
DESCRIPTION
Substantial Open-Plan Retail Showroom with Office, Storage & Secure Yard - This substantial open-plan showroom is located on the fringe of Grantham Town Centre and extends, in total, to 280 sq.m (3,014 sq.ft) and it offers the rare combination of showroom space, together with offices and warehousing and a secure yard for parking/storage. Viewing is highly recommended.
ACCOMMODATION
The open-plan showroom accommodation has frontage directly onto London Road and extends to 163.5 sq.m (1,760 sq.ft).
In addition, there is a rear open-plan office extending to 40 sq.m (430 sq.ft) and there are ancillary kitchen and WC facilities.
To the rear of the office is a warehouse/store, which extends to a further 66 sq.m (710 sq.ft), benefitting from vehicular access from Inner Street located to the rear of the building where there is also a generously proportioned enclosed yard, with secure gates for parking/storage.
SERVICES
Mains drainage, electricity, gas and water are connected. A gas central heating system is installed serving the showroom and office accommodation.
EPC Rating - B
TERMS
LEASE TERMS - The property is available to let for a term of years to be agreed at a passing rent of £22,000 per annum, exclusive of VAT.
The property will be let on a conventional Full Repairing & Insuring Lease. A deposit will also be payable. Further details are available on request.
OUTGOINGS
Rateable Value - £16,250
It is possible that the property will attract retail, hospitality and leisure Business Rates, resulting in a rates payable amount of £6,207.50 per annum (2026/2027).
VAT
VAT is not payable on the annual rent.
LEGAL COSTS
The ingoing Tenant will be responsible for the payment of a referencing fee of £150 inc VAT, together with the Landlord's costs associated with the preparation of the Lease. Further details are available on request.
PLANNING
The property is understood to be classified as Class 'E' Retail under the Town & Country Planning Act Use Classes Order 1987 (as amended).
VIEWING
By prior appointment via Mundys Commercial.
